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Re: StockBull post# 611

Tuesday, 03/31/2020 9:49:04 AM

Tuesday, March 31, 2020 9:49:04 AM

Post# of 724
CEO Mike Nierenberg: "Market dislocations have put significant downward pressure on asset values ... We have made a number of decisions to de-risk, increase liquidity and protect our book value."

Today's dividend of $0.05 is down from $0.50 previously. That's an annualized payout of 3.3% based on last night's close of $5.97.

Estimated book value is seen as down about 25%-30% from the $16.21 at Dec. 31. That would put BVPS at about $11.75, or roughly double last night's close.

---The Happy Trader

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